Operating a business or launching a new venture can be more complex and take longer than you expect. So before making financial or life changing commitments (like signing a lease or quitting your day job), meet with a Pace SBDC business advisor to help address key planning challenges that may arise.
The Pace SBDC has a breadth of experience helping its clients write a business plan, the “roadmap” for a business venture. A formal business plan is recommended whether or not you are seeking funding, as it helps the entrepreneur focus on their goals and ensures that they concentrate on business priorities. Click here for a good format from the SBA to follow, or entreskills.org/ an online resource offered to NYSBDC clients that walks entrepreneurs through how to develop a business plan.
Researching your target market will help you determine if your product or service has potential. As a member of the NYS Small Business Development Center network, the Pace SBDC can offer its clients free access to demographic, economic and other key market research available through our Research Network. For more information, visit sbdcrn.blogspot.com/
Licenses & Permits
A Pace SBDC advisor can provide invaluable guidance on how to manage your business, from handling licenses and regulations, dealing with suppliers, hiring & managing staff, and explaining basic accounting concepts.
Legal Forms of Business Structure
Will your business be a sole proprietorship, corporation, limited liability partnership or not for profit? The Pace SBDC can help explain the respective obligations and responsibilities and guide entrepreneurs through the process of forming their legal structure.
Pace SBDC advisors work closely with relevant Government agencies to help our MWBE clients with certification and to access financing and contract opportunities. Click here to learn more.